Overview

• Chancellor Rachel Reeves concluded last-minute negotiations with the Home Office and other departments to finalise three-year budgets
• The NHS is set to receive up to £30 billion in extra funding by 2028-29 and defence spending will rise to 2.5 percent of GDP by 2027
• Schools will benefit from an additional £4.5 billion a year by 2028-29 as unprotected departments face real-terms cuts to match day-to-day spending with revenues
• An £86 billion package for science and technology research and development will support infrastructure projects, especially outside London
• London Mayor Sadiq Khan warns the capital may miss out on major transport projects as regional investment shifts towards the North and Midlands